We all want to have success in everything that we do, but sometimes it’s easy to forget the final goal, so we might end up wasting our time with projects that will lead us nowhere (or at least not where we would want to be). So how do we position ourselves for success in new ventures? Let’s get to it. The first step is to ask yourself:
“Do I want to be successful?”
If yes, it’s time to take things into your own hands and to start creating the reality you want to live in. Stop making excuses for yourself, or postponing your accomplishments with pointless reasons. NOW is the time to start putting your thoughts into goals and then into action. Day by day, with ambition and consistency, you will see progress, success, and more.
That’s right. Start steadily and don’t expect to be an over-night success. That only happens in movies and books. In the real world, you have to put in the work day-in and day-out, educate yourself, attend events, network, sell your idea, plan and manage your business and much more. Behind the scenes of true success are often overlooked struggles, and 99% of the time they take years, or even decades, of consistent work to achieve.
Having a Clear Goal will Always Set You Up For Success
As the quote says, without a clear and defined goal in mind, you will keep running in all directions without knowing what is the final destination. You don’t want to spend your precious resources, mainly time and money, on leads that will take you nowhere, or business projects or investments you will gain nothing from. Focus on Goal Setting to have a clear vision of what you want to accomplish. This is how to do it, step by step:
Do your research first
Read the best books on the topic, speak to experts and consultants, and (if it’s building your real estate business, get in touch with us! Participate in group discussions and network with other people from the industry in order to make connections and learn from other people’s journeys. The first and most important step is to figure out and truly understand what your goal is really about.
2. Be specific
Are you aware of the SMART Method of goal setting? If not, it’s time to learn it:
- Specific (simple, sensible, significant) – What is it that you want to achieve?
- Measurable (meaningful, motivating) – How will you measure it?
- Achievable (agreed, attainable) – How will you achieve it? (Make a plan)
- Realistic (reasonable, relevant and resourced, results-based) – How does it apply to my life/ Will I be able to achieve this goal?
- Time-bound (time-based, time-limited, time/cost limited, timely, time-sensitive). – How long will it take me?
Therefore, instead of saying “I want to get rich from real estate,” which is kind of vague, rather say: “My goal is to make 50k profit from my Main Street Fix and Flip project, by renovating the kitchen, bathrooms, and aesthetic fixes to the rest of the property, then promoting it to my list of leads for a sale price of $X.”
3.Know the difference between goals and dreams
Dreams happen when opportunity meets luck. But that is also a small percentage of the cases. Goals, on the other hand, are very thoughtfully planned guides to lead you to your desired achievement. If you make a specific plan and stick to it, you will not have to hope for luck or your dreams coming true, but work every day and follow the path.
So, keep in mind that goals are actual obtainable things you’re gonna be reaching, not things you’re still thinking about and formulating.
4. Long or Short Term Goals
As we previously discussed, having a timely goal is essential. If you don’t know your goal’s timeline, you will risk failure, and lose direction. So, make a plan. If your goal seems too big and attainable only in the long term future, it’s better to split it in smaller objectives (short-term goals). Follow the previous steps for both short and long goals and focus on creating ways of getting both.
5. Write Them Down
The Golden Rule of goal setting is to Write Everything Down! Make a vision board, have it in your office or on the work site. Make sure that each step, timeline, and reason are on paper/board/or in your notebook. This way you will be able to track your progress and don’t forget what your end goal is. Remember, you don’t want to lose yourself in pointless tasks. Goal setting will help you maintain your focus and get those achievements you’ve been dreaming of for a long time.
And don’t forget that you are always welcome to get in touch for more real estate, fix and flip, and private lending advice. Message us and let’s discuss!